In a report that the Ecofin Council will discuss on Thursday, 10 October, experts from the ‘Wieser’ group are recommending that the European financial architecture for global development be streamlined by establishing a ‘European Climate and Sustainable Development Bank’ (see EUROPE B12228A19).
This new financial architecture should make it possible to intervene more effectively in Africa and to better face the climate challenge through adaptation and mitigation.
To achieve this,...